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Rates & lending news – page 50
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Representative imageJV Lands $72M Refi for Manhattan Office BuildingThe floating-rate loan will support the costs of future tenant rollover and repositioning. The post JV Lands $72M Refi for Manhattan Office Building appeared first on Commercial Property Executive.
JLL Lines Up $144M Construction Loan for Santa Ana MultifamilyJLL Capital Markets recently arranged a $144-million construction loan for The Carina, a 408-unit multifamily development project in Santa Ana,.
Life Company Loan Retires Debt on Long Island Self-StorageGantry has secured an $11.5-million permanent loan to retire maturing debt for Central Self-Storage, a Public Storage-managed facility located at 4055 Austin Blvd. in the Nassau County township of Island Park, NY, on Long Island’s South Shore.
ANALYSIS: Fed Hold Keeps Markets Anchored as Rate-Cut Timeline SlipsThe Federal Reserve’s decision to keep the target range at 3.5%–3.75% effectively cemented a “higher for longer” stance at the front end of the curve, even as inflation stays above target and geopolitical risk around the Iran conflict keeps volatility elevated.
Representative imageFed Pauses Interest Rates Again as CRE Awaits New FOMC ChairFederal Reserve Chairman Jerome Powell’s last scheduled meeting leading the Federal Open Market Committee (FOMC) ended with a third straight interest rate hold and signs of growing dissent among the board.
Representative imageBlackstone Mortgage Trust Posts Q1 Earnings Loss but Exceeds ForecastsBlackstone Mortgage Trust (BXMT) registered a first-quarter loss of $6.3 million, but exceeded Wall Street expectations.
Fallon Inks Construction Loan for 329-Unit Charlotte-Area ApartmentsThe Fallon Co. secured a construction loan and equity for Twelve03, a 329-unit multifamily community at 1203 S. Caldwell St. in Dilworth. The Charlotte Business Journal reports the cost of the project could reach $100 milion. Site work has begun.
Representative imageWalker & Dunlop Provides $60.2M Agency Loan for Apartment Community in Brandon, FloridaBRANDON, FLA. — Walker & Dunlop has provided a $60.2 million Freddie Mac loan for 2211 Grand Isle Apartment Homes, a 390-unit, garden-style apartment community located at 2211 Grand Isle Drive in Brandon, a southeastern suburb of Tampa.
Representative imageLument Provides $21.2M HUD-Insured Loan for Refinancing of Nebraska Senior Living CommunityLINCOLN, NEB. — Lument has provided a $21.2 million HUD/FHA Section 232/223(f) Express Lane loan for the refinancing of Pemberly Place Senior Living, a seniors housing community in Lincoln with 120 units and a licensed capacity for 132.
Maxim Capital Lends $53M on Windsor Terrace DevelopmentA joint venture between Dornin Investment Group (DIG) and Torchlight Investors has secured fresh capital for a nearly completed Brooklyn multifamily development four months after purchasing the property’s nonperforming note.
Howard Hughes Corp. Closes on $300M Refi For Las Vegas-Area Mixed-Use PropertyThe Howard Hughes Corp. has refinanced Downtown Summerlin, a 400-acre mixed-use project in Las Vegas. The $300 million note was issued by U.S. Bank.
Dwight Capital Provides $110M HUD-Insured Loan for Refinancing of Newark Apartment BuildingNEWARK, N.J. — New York City-based Dwight Capital has provided a $110 million HUD-insured loan for the refinancing of 55 Union, a 12-story apartment building in Newark’s historic Ironbound neighborhood.
Representative imageKeyBank Provides $46.2M Refinancing for Multifamily Portfolio in Fayetteville, North CarolinaFAYETTEVILLE, N.C. — KeyBank Real Estate Capital has provided a $46.2 million bridge loan for the refinancing of a three-property multifamily portfolio in Fayetteville, about 65 miles south of Raleigh.
Easterly Government Properties Provides Financing Clinic Development in WAEasterly Government Properties (EGP) announced its first mezzanine loan investment, providing $7 million in financing for the development of a new 120,000-square-foot Veterans Affairs outpatient clinic in Kennewick, Washington.
Simon, Invesco Score $750M Refi for Las Vegas Retail PropertySimon Property Group and Invesco Advisers have inked a $750 million CMBS loan for The Shops at Crystals, a 291,196-square-foot retail property in Las Vegas.
Debt Yields Rebound as Negative Leverage Persists Across CMBSDebt yields on recently originated commercial mortgage-backed securities (CMBS) loans have firmed to a weighted average of 10.3 percent across property types, even as interest rates continue to exceed implied cap rates for multifamily, industrial, retail and self-storage assets…
JLL Arranges $35.7M in Financing for Seven-Building Industrial Complex in AtlantaATLANTA — JLL Capital Markets has arranged $35.7 million in financing for a seven-building shallow-bay industrial complex totaling 397,959 square feet in northeast Atlanta.
Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New JerseyBAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne.
PSRS Arranges $6M Refinancing for Industrial Property in Grover Beach, CaliforniaGROVER BEACH, CALIF. — PSRS has arranged $6 million in refinancing for an industrial asset in Grover Beach. Situated on a 70,947-square-foot site, the property consists of two warehouses separated by a 40-space parking area.
Knighthead Funding Provides $39.7M Refinancing for Student Housing Property Near Indiana UniversityBLOOMINGTON, IND. — Knighthead Funding has provided a $39.75 million first mortgage loan to refinance Stadium Crossing, a 226-unit, 734-bed student housing property in Bloomington located directly across from Indiana University Memorial Stadium.